Thursday 2 November 2017

Qatar poised to buy into En+ as Russia tests investor interest | ZAWYA MENA Edition

Qatar poised to buy into En+ as Russia tests investor interest | ZAWYA MENA Edition:

"Qatar Investment Authority is expected to invest in the initial public offering of Russia's En+ , sources said on Thursday, adding the flotation would be priced at the bottom of a previously announced range. The En+ IPO is the first major float of a Russian company in London since 2014, when Moscow's annexation of Ukraine's Crimea provoked western sanctions, and one of the biggest European flotations of 2017. QIA had bid for around $300 million of the IPO of En+, which manages tycoon Oleg Deripaska's aluminium and hydropower businesses, while U.S. Capital Group asked for around $125 million, three sources familiar with the process told Reuters. "



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